Stem Cell Manufacturing Market Demand 2022-2028: Increasing Use Of Stem Cells To Treat Various Diseases
The global stem cell manufacturing market size is expected to reach USD 28.85 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth include increasing use of stem cells to treat various diseases, growing stem cell-based research activities and rising funding from in stem cell-based research. Market growth is being aided by technological advancements in cell therapy and a greater emphasis on production of personalised medicines.
Stem cell processing is the process of creating stem cells for use in cell-based research and drug creation. Scale-up is one of the main drivers for the stem cell manufacturing industry, as it is needed to progress a cell-based therapeutic from pre-clinical stage development through later clinical stages and into commercial production.
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Growing need to understand how diseases develop has fuelled the stem cell manufacturing industry. Researchers can learn more about how diseases and disorders grow by looking at how stem cells evolve into cells in bones, heart muscle, nerves, and other organs and tissue.
Use of stem cells to produce healthy cells and replace diseased cells or in the advancement of regenerative medicine has increased demand for stem cell manufacturing. People with spinal cord injuries, type 1 diabetes, Parkinson's disease, amyotrophic lateral sclerosis, Alzheimer's disease, heart disease, stroke, burns, cancer, and osteoarthritis may benefit from stem cell therapies. Stem cells have the ability to be grown into new tissue for transplant and regenerative medicine purposes. Researchers continue to learn more about stem cells and how they can be used in transplant and regenerative medicine.
Some Key Highlights in the Report:
- Culture media segment had the largest share of the market in 2020. Rising stem cell research and increasing demand for stem cell therapies are responsible for this segment's wide market share.
- Cell and tissue banking applications will account for a majority of share of the market by 2020.
- Pharmaceutical and biotech firms segment held largest share of the market in 2020.
- North America accounted for the largest stem cell manufacturing market share in 2020.
- Asia Pacific market is expected to grow at the fastest pace during the forecast period.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Thermo Fisher Scientific (US), Merck Group (Germany), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Miltenyi Biotec (Germany), Takara Bio Group (Japan), STEMCELL Technologies (Canada), Pharmicell (South Korea), Osiris Therapeutics (US), Anterogen (South Korea), Cellular Dynamics International (US), MEDIPOST (South Korea), Lonza Group (Switzerland), Holostem Terapie Avanzate (Italy), and Pluristem Therapeutics (Israel), among others.
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Stem Cell Manufacturing Market Segmentation:
Product Outlook (Revenue, USD Billion; 2018 – 2028)
- Stem Cell Lines
- Embryonic Stem Cells (ESCs)
- Hemopoietic Stem Cells (HSCs)
- Mesenchymal Stem Cells (MSCs)
- Multipotent Adult Progenitor Stem Cells
- Induced Pluripotent Stem Cells (iPSCs)
- Neural Stem Cells (NSCs)
- Bioreactors & Incubators
- Cell Sorters
- Other Instruments
- Culture Media
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Cell and Tissue Banking
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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